Sunworks Promotes Philip Radmilovic to Chief Financial Officer, Names Joshua Schechter Chairman of the Board of Directors
June 05 2018 - 8:00AM
Sunworks, Inc. (Nasdaq:SUNW), a premier provider of high
performance solar power solutions for agriculture, commercial,
industrial (ACI), public works and residential markets, today
announced that Philip Radmilovic has been promoted to Chief
Financial Officer. Mr. Radmilovic had been the Corporate Controller
since June of 2017. Paul McDonnel, who has served as CFO since
September 2016, will remain engaged with the company as
Treasurer. In addition, the Board of Directors of Sunworks
has named Joshua Schechter as Chairman of the Board.
Chuck Cargile, Sunworks’ Chief Executive Officer
commented, “Since joining Sunworks in June of last year, Phil has
enhanced our internal controls, improved the finance and accounting
department and been an effective partner with the business teams.
We are pleased to promote him to Chief Financial Officer and expect
the company to continue to benefit from his excellent financial
acumen. We are fortunate to retain Paul McDonnel in the
Treasurer role where he will focus on cash management while
continuing to mentor Phil.”
Mr. Schechter is a private investor who has
broad experience serving on public company’s board of directors. He
was appointed to the Board of Sunworks in April of 2018 as an
independent director.
“In my short time on the Board, it has become
clear to me that Sunworks is well-positioned in a growth industry
and is undergoing a compelling business transformation,” commented
Mr. Schechter. “I look forward to helping Sunworks achieve its
potential and create sustainable shareholder value.”
About Sunworks, Inc.
Sunworks, Inc. (SUNW) is a premier provider of
high performance solar power systems. We are committed to quality
business practices that exceed industry standards and uphold our
ideals of ethics and safety.
Sunworks continues to grow its presence,
expanding nationally with regional and local offices. We strive to
consistently deliver high quality, performance-oriented solutions
for customers in a wide range of industries including agricultural,
commercial and industrial, federal, public works, and
residential.
Our dedication to excellence is reflected in our
25-year warranty, a benchmark that we stand by to support our
customers above and beyond their expectations.
Sunworks’ diverse, seasoned workforce includes
distinguished veterans who bring a sense of pride, discipline, and
professionalism to their interaction with customers.
Sunworks is a member of the Solar Energy
Industries Association (SEIA) and is a proud advocate for the
advancement of solar power.
Safe Harbor Statement
Matters discussed in this press release contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. When used in this press
release, the words "anticipate," "believe," "estimate," "may,"
"intend," "expect" and similar expressions identify such
forward-looking statements. Actual results, performance or
achievements could differ materially from those contemplated,
expressed or implied by the forward-looking statements contained
herein. These forward-looking statements are based largely on the
expectations of the Company and are subject to a number of risks
and uncertainties. These risks include, but are not limited to,
risks and uncertainties associated with: the impact of economic,
competitive and other factors affecting the Company and its
operations, markets, products, and prospects for sales, failure to
commercialize our technology, failure of technology to perform as
expected, failure to earn profit or revenue, higher costs than
expected, persistent operating losses, ownership dilution,
inability to repay debt, failure of acquired businesses to perform
as expected, the impact on the national and local economies
resulting from terrorist actions, and U.S. actions subsequently;
and other factors detailed in reports filed by the
Company.
Investor Relations Contact:
Rob Fink Hayden IR646-415-8972
rob@haydenir.com
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